17739 SE 121st Terrace Rd, Summerfield, FL 34491
2 beds · 2 baths · 1,572 sqft sqft
STONECREST is a 55+ Golf Course Community With All The Amenities, and just a Bridge Away By Golf Cart To The Villages! Exceptional GOLF FRONT 2/2 Kingsley +Den and a 2 Car Garage with a Stunning Front View of the 8th Tee Box! This Charming home features Soaring 10" ceilings, New Luxury Vinyl Plank Flooring, and an Open Concept Floor Plan! The Large Eat in Kitchen is great for entertaining, featuring Quartz countertops, 42" Wood cabinets, Stainless appliances, Generous Breakfast Bar, Pantry Closet, and sliding door access to the Covered Lanai. The kitchen with lots of natural sun light, opens to the Dining and Living room combination, offering a delightful gathering spot for family and friends with a tremendous Golf Course View! The Spacious Primary Suite boasts a Private access to the Lanai, a Large Walk in Closet and an En Suite bathroom with Double Vanities, Large Soaking Tub, and a Walk in Shower. The Covered Lanai with a Birdcage is perfect for enjoying the beautiful Florida weather and the breathtaking Golf Course View! This home offers a Well Designed Floor Plan, Impressive Views, and a Fantastic Location! ROOF 2019, HVAC 2010 Stonecrest is a 55+ gated golf course community with all the amenities, pools, pickleball courts, softball, 18 hole championship golf course, Broad Stripes Golf & Social Club and over 80 different clubs to join! Stonecrest is just a bridge away by golf cart to the Villages. It is a community with Private Roads and 24 Hour Security! As a private gated golf course community, you can expect a high level of privacy and security. Overall, this home offers a combination of Great Outdoor Space, luxurious features, a desirable location, and a secure community setting. A WONDERFUL LIFESTYLE AWAITS YOU IN STONECREST!
Source: STELLAR #g5086703
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5086703
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #g5086703
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.